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johnpaul92 johnpaul92
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8 years ago
Over the past year, productivity grew 2%, capital grew 1%, and labor grew 1%. If the elasticities of output with respect to capital and labor are 0.2 and 0.8, respectively, how much did output grow?
A) 1%
B) 2%
C) 3%
D) 4%
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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#1
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8 years ago
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johnpaul92 Author
wrote...
#2
8 years ago
This answers my question, thank you so much
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#3
8 years ago
Take care for now
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